USD/JPY – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart layout is found. The chart forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards

A bearish movement downwards to the next support level at 152.698 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 153.753 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ” indicator layout is discovered. The indicator is ”. which could be a negative chart scenario. The currency pair is likely to fall.

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Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

153.753 – 153.568 – 153.634 – 152.698 – 153.251 – 152.564 —
153.17900 – 153.70600 —
52.374743226585 – 70.927132388082 —
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153.753 – 1771291800

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing – Double bottom retreat down – – – – – – – –